“Sanathan Textiles IPO Sees 35.12x Subscription”
IPO of Sanathan Textile Limited was generating interest in the market, but now the process of allotting shares has come to an end. The offering became available in the subscription period 19th December 2024 to 23rd December 2024 and was subscribed for 35.12 times which shows that there was a great interest from the investors. This IPO also had a lot of interest from all investor categories with the price set between ₹305 to ₹321 a share. The IPO includes an offer for sale worth ₹150 crores and a fresh issue amounting to ₹400 crores.
Details regarding the IPO Bids
On December 24th 2024, a share allotment of IPO Sanathan Textiles was executed. There is some interesting data though according to subscription data the QIBs were the “active” category that was the most sought after as they were subscribed for 75.62 times. A large number of non-institutional investors also registered second highest for their segment which was oversubscribed for 42.21 times. However, the bull run didn’t seem to affect retail investors in issuing the quota as they subscribed for 8.93 times around them. There’s great optimism in Sanathan textiles as a manufacturing brand that produces great and sustainable quality products.
How To Check IPO Concession Status
The discretionary allotment status is an important confirmation for any investor who has submitted a bid. Confirming the allocation status can be done through the BSE, NSE, Kfin Technologies who is the IPO registrar and other websites. Here’s a detailed guide that can assist you in checking your allotment status:
- BSE Website: – The BSE website has a section that deals with allotment and it is possible to access it.
- Indicator type may be taken to be ‘equity’ from the multiple listed.
- In the list of the Sanathan Textiles shall be the item in question.
- You will have to input either your PAN or application number. After these requirements have been fulfilled, select the “Search” icon and your allotment status will be displayed.
- NSE Website: – From the dropdown section for the NSE IPO verification bid, select the hiperlink.
- You need to subscribe to the page if you haven’t already done so.
- The Sanathan Textiles item would be in the dropdown list.
- To check if you have received any of the IPO shares enter your application number and select the “Get data” option.
Third, Kfin Technologies:
- The Kfin technologies registrar IPO has a IPO status sections that would be useful.
- In the list of issues select “Sanathan Textiles”. You can track your Demat Account, PAN number, or Application No status by entering one of them.
- The status of allotment can be viewed by selecting the ‘Submit’ button after filling in the essential details.
Dates of Listing and Expected Profits
December 27, 2024 is the date when Sanathan Textiles will be listed in the stock exchanges NSE and BSE. For this time period, any shares that you would have been assigned during the Public Offering IPO would already have been Saoimemented into your Demat account. Alright, so for those who didn’t get an allotment of shares, their application however will, be deposited back shortly after the allocation.
The Grey Market Premium (GMP) this all has been made possible by concern in the IPO. The stock of Sanathan Textiles is said to be listing at a premium above the issue price with the reported GMP being 170. This suggests that there could be a listing gain of around 60.07 percent over that upper price range of 321. Thus, the day on which the shares get listed, there is a high chance of investors making large returns on investment on account of a successful allotment.
Casual investors consider it crucial to inspect the GMP or the grey market premium which is an informal indicator intended on predicting the probable performance of the stock on its day of issuing. It may shift before the listing and is a function of demand by the people on the shares before they are next available on the market. More importantly, while listing gains are not assured of use of GMP, it has in the past served as a useful measure of the mood of the investors.
Conclusion
The oversubscription and robust GMP signify great investor interest in the Sanathan Textiles IPO. The company’s performance on its stock market debut is keenly anticipated, and the listing date is going to be a thrilling one for the allotted. It is very simple and easy for investors to check and confirm if they have been able to secure a cut in this much hyped IPO through the BSE, NSE and Kfin Technologies platforms, allotment status report.
Also, there are a lot of investors who are interested holding of GMP simply because it indicates a big loss being made. The response of the market gives the impression that the outlook for Sanathan Textiles as a listed entity is promising, and the entire IPO process went pretty well.
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